Addionics, an Israeli/U. K. start-up that is developed next-generation rechargeable batteries for other applications and electric automobiles, has actually raised $6 million in funding. The round is led by Next Equipment Ventures, and includes a $2.5 million grant as part of the European Union’s Horizon2020 development competitors.
Established by former Imperial College London academics, Addionics has created what it declares are enhanced rechargeable batteries through a redesign of chargeable battery architecture. It has established a “patent-protected” and scalable 3D metal fabrication technique that are said to improve car battery performance, boost mileage and security, and decrease expense and charging time.
Particularly, this new so-called “wise 3D structure” minimises internal resistance and improves the “mechanical longevity, thermal stability and other basic constraints and deterioration factors” in basic batteries, says Addionics.
It likewise states its technique is various to other business that are trying to improve batteries, which tend to concentrate on chemistry instead of on physics. Addionics’ chemistry agnostic approach means that it can still gain from advances in chemistry, while bringing something extra to the table.
Addionics CTO Dr. Vladimir Yufit describes in a declaration: “We are agnostic to the battery chemistry. Therefore, we can take existing or future batteries and boost their performance by our smart 3D components. No matter what chemistry technology will win the electrification race, we will enhance it a lot more.”
Or to put it more colourfully, Yufit says Addionics is “betting on the race, and not on the horse.”
To that end, the company is initially targeting the automobile market but also sees its innovation finding a home in other items such as consumer electronics, medical gadgets, grid energy storage, drones, and more.
In regards to commercial traction, it’s still early days. Addionics says it is currently working with an unnamed tier-1 American vehicle company on a proof-of-concept design and testing Addionics cells in automobiles.
Dr. Moshiel Biton, Addionics CEO, says that the goal is to have 3-4 significant partnerships with “world-leading OEMs” over the next year.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.